About Haryana: Information on Industries, Geography, Economy & Growth

October, 2017

Haryana is among the northern most states in India and adjacent to national capital Delhi. It is surrounded by Uttar Pradesh in the east, Punjab in the west, Himachal Pradesh in the north and Rajasthan in the south. The state surrounds the national capital city, New Delhi, from three sides. Historically an agrarian state, Haryana today is a well-developed industrial state.

The state is one of India's largest automobile hubs and accounts for two thirds of passenger cars, 50 per cent of tractors and 60 per cent of motorcycles manufactured in the country. The state has also emerged as a base for the knowledge industry, including IT and biotechnology. Haryana is the third-largest exporter of software and one of the preferred destinations for IT/ITeS facilities.

Although Haryana has an area covering just 1.3 per cent of the country, Haryana contributes nearly 3.63 per cent to India's GSDP. During 2004-16, the state’s GSDP grew at a compound annual growth rate (CAGR) of 12.12 per cent. At current prices, the total GSDP of Haryana was about US$ 75.3 billion in 2015-16.

The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 62.15 billion during the period April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP).

The state government of Haryana has been committed to creating a progressive business environment. The state offers a wide range of fiscal and policy incentives for businesses under the Industrial and Investment Policy, 2011. Haryana stands 14th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.

Indian Prime Minister Mr Narendra Modi and French President Mr François Hollande have announced the National Institute of Solar Energy (NISE) in Gurgaon, Haryana as the headquarter for the International Solar Alliance (ISA), which is a partnership of solar-resource rich countries, with 121 countries across Africa, Southeast Asia and Europe having agreed to become members of ISA.

Walmart India Private Limited plans to open its chain of stores in Haryana, while Micromax also has plans to set up a mobile handset manufacturing unit in the National Capital Region.

Key Sectors:

Haryana is a preferred destination for auto majors and auto-component manufacturers. The state is host to many large automotive players.

Gurgaon has emerged as a preferred destination for the IT industry in North India, with more than 400 IT and ITeS companies.

Haryana aggressively promotes organic farming; financial assistance is provided to farmers for production and use of vermicompost. The state government approved US$ 9.48 million for minor irrigation systems till January 2016.

Abundant availability of raw materials gives Haryana a competitive advantage in the textile sector. The total cotton production in Haryana during FY 2015-16 was around 2.6 million bales.

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